What advice does Suze Orman give on paying for college?
Savings Accounts, 529 Plans, Roth IRAs, Government Bonds… but it mostly boils down to saving. Early. And regularly. http://www.oprah.com/article/omagazine/omag_200406_suze Getting the Kids Through College By Suze Orman If you are grappling with how to save for your children’s education, you should check out my favorite college investment accounts. Coverdell Education Savings Account: A single filer with an adjusted gross income below $95,000 ($190,000 for couples filing jointly) can invest up to $2,000 a year in a Coverdell for each child under 18. Anyone is eligible to contribute—parents, grandparents, friends. The contribution isn’t tax deductible, but withdrawals used to pay for any level of education won’t be taxed. 529 Plans: These college savings accounts come in a few different flavors: prepaid plans, standard savings plans, and my favorite, the Independent 529 Plan. Just by investing in an In
